ANSYS, Inc. (ANSS) Receives Average Rating of “Hold” from Brokerages
ANSYS, Inc. (NASDAQ:ANSS) has been assigned an average rating of “Hold” from the seventeen analysts that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $114.65.
A number of brokerages have commented on ANSS. Goldman Sachs Group, Inc. (The) began coverage on ANSYS in a report on Monday, July 17th. They set a “neutral” rating and a $112.00 target price on the stock. KeyCorp reiterated a “hold” rating on shares of ANSYS in a report on Friday, September 29th. Robert W. Baird set a $130.00 target price on ANSYS and gave the company a “buy” rating in a report on Monday, August 28th. Wedbush reiterated a “neutral” rating and set a $129.19 target price (up previously from $114.00) on shares of ANSYS in a report on Friday, September 15th. Finally, Berenberg Bank began coverage on ANSYS in a report on Wednesday, August 23rd. They set a “hold” rating and a $123.00 target price on the stock.
ANSYS (NASDAQ:ANSS) last released its quarterly earnings results on Wednesday, November 1st. The software maker reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.10. The business had revenue of $276.77 million for the quarter, compared to analysts’ expectations of $263.77 million. ANSYS had a return on equity of 13.87% and a net margin of 26.37%. The company’s revenue was up 12.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.95 EPS.
Several hedge funds have recently bought and sold shares of ANSS. JPMorgan Chase & Co. boosted its holdings in shares of ANSYS by 111.0% during the first quarter. JPMorgan Chase & Co. now owns 48,884 shares of the software maker’s stock worth $5,224,000 after purchasing an additional 25,719 shares during the last quarter. OppenheimerFunds Inc. acquired a new stake in shares of ANSYS during the first quarter worth $247,000. Teachers Advisors LLC boosted its holdings in shares of ANSYS by 8.2% during the first quarter. Teachers Advisors LLC now owns 103,507 shares of the software maker’s stock worth $11,062,000 after purchasing an additional 7,876 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of ANSYS by 2.5% during the first quarter. Dimensional Fund Advisors LP now owns 298,119 shares of the software maker’s stock worth $31,859,000 after purchasing an additional 7,194 shares during the last quarter. Finally, Morgan Stanley boosted its holdings in shares of ANSYS by 15.8% during the first quarter. Morgan Stanley now owns 197,313 shares of the software maker’s stock worth $21,087,000 after purchasing an additional 26,960 shares during the last quarter. Institutional investors and hedge funds own 96.88% of the company’s stock.
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ANSYS, Inc (ANSYS) develops and markets engineering simulation software and services used by engineers, designers, researchers and students across a range of industries and academia, including aerospace and defense, automotive, industrial equipment, electronics, biomedical, energy, materials and chemical processing, and semiconductors.
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